Trading in financial markets requires the right choice of a broker, as security of traders’ funds, their profit and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best ETF Brokers in Iran for 2024. Five companies that enjoy huge popularity in Iran were selected and compared between each other.
1
WForex - Best in Iran for 2024
WForex offers favorable conditions for both beginner and professional traders. The broker strives to provide premium services, clearly fulfilling its promise of reliability. An additional advantage for traders is the ability to open an account in national currency, as well as work with digital contracts.
2
LiteForex - Best in Iran for 2024
Trading conditions are extremely transparent and easily understandable. There are only two types of accounts: classic and professional. The minimum deposit is $50 for either account, order execution, market, and leverage is up to 1:500.
3
IFC Markets - Best in Iran for 2024
Trading conditions of IFC Markets are differentiated – depending on the account type and whether a fixed or floating spread is applied. The spread and leverage depend on the asset type. For the MT4 and NetTradeX accounts, the spread is from 1.8 pips, for the accounts on MT5 – from 0.4 pips. The broker charges a commission per trade on CFDs and on stocks.
4
FOREX CLUB - Best in Iran for 2024
Forex Club offers traders to work on Forex with the most favorable market conditions. The main advantage of the broker is the zero size of the minimum deposit. Different types of accounts allow you to trade with leverage from 1:200 up to 1:500. The stop-out level is from 20% to 50%, depending on the type of trading account.
5
Interactive Brokers - Best in Iran for 2024
Interactive Brokers is militantly developing, offering services to investors regardless of their trading experience. For this purpose, the broker doesn’t ask for a fixed minimum deposit but has margin requirements for accounts of various structures to make trading financially safe. The size of the leverage and Margin call and Stop out levels depends directly on the asset that the client is trading.
TOP 5 Comparison
In order to choose the Best ETF Brokers in Iran in 2024, TU analysts chose 5 best brokers in this country. In the table below, you can see a basic comparison of these companies. Experts selected only the most reliable brokers that are popular among traders in Iran.
| WForex | LiteForex | IFC Markets | FOREX CLUB | Interactive Brokers | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, WebTrader, Android, iPhone, MAC platform |
MT4, MT5, MultiTerminal, Sirix Webtrader |
MT4, MT5, NetTradeX |
MT4, Libertex, Mobile Apps, MT5, Rumus, MultiTerminal |
Trader Workstation, IBKR Mobile, APIs |
|
Min deposit |
$1 |
$10 |
$1 |
$10 |
No |
|
Leverage |
From 1:33 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
Yes |
No |
No |
No |
|
Accrual of % on the balance |
No |
7.00%% |
No |
No |
No |
|
Spread |
From 0.2 points |
From 0.5 points |
From 0.4 points |
From 0.1 points |
From 0 points |
|
Level of margin call / stop out |
20% / 5% |
50% / 20% |
No |
20% / 50% |
No |
|
Execution of orders |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
Yes |
Yes |
Yes |
No |
No |
TU Expert Review for the best ETF Brokers in Iran
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best ETF Brokers in Iran is posted below.
WForex - TU Expert Review
WForex has proved to be a reliable partner over a long period within the Forex Market and is a relatable partner of the Traders Union. forex sets a low barrier for entry, makes it possible to work with digital contracts and binary options, and compensates commissions of payment systems when replenishing an account. The company is in demand among traders due to favorable working conditions, frequent contests, and a loyalty program. WForex creates a comfortable environment for novice traders. There is an opportunity to get free training on Forex trading, a training account is offered for working out strategies. In addition to MetaTrader 4 or WebTrader, traders can work through the application for iPhone/iPad or Android.
LiteForex - TU Expert Review
The LiteForex (LiteFinance) broker has been operating for over 14 years and that characterizes the company as a reliable and responsible partner. The broker is focused mostly on professional traders, as evidenced by a relatively high initial deposit and the absence of cent accounts. I would like to point out the transparency of the broker's trading conditions as there are no pitfalls or hidden commissions. There are no restrictions on scalping, hedging, or the use of trading advisors. Recently, the company updated its personal account from a classic account into a full-fledged trading tool. And now you can start profit directly from your account in one click. Analytics have been added to the cabinet platform for novice traders: fundamental and technical forecasts for each pair, market sentiment, etc. You can also manage the affiliate program from the cabinet and create an investment portfolio using the SocialTrading service. LiteFinance is a professional trading company. The broker fully fulfills its obligations; therefore, it is one of the regular partners of the Traders Union.
IFC Markets - TU Expert Review
IFC Markets is a broker that has secured the so-called innovative trading services niche. The broker’s analysts believe that in 2025, synthetic asset trading will be available in every company, while IFC Markets customers can create their own combined assets and investment portfolios already by using the NetTradeX platform. The platform provides an option that allows users to display charts of several instruments in one window. Having determined the analytical correlation, the traders can create their own synthetic asset designed for hedging risks or for aggressive trading. The trader himself determines the share of the underlying assets in the created instrument. One of the examples of such a tool is XAU / Brent. IFC Markets also offers classic trading services. In addition to the proprietary platform, there are МТ4 and МТ5. On the standard accounts for the beginners, there are no requirements on the minimum deposit. The spread is fixed and floating. IFC Markets can be considered a reliable broker that treats the performance of its obligations responsibly, which is confirmed by the absence of claims from its customers on money withdrawal and order execution. Thanks to this, IFC Markets has been included in the Traders Union Forex Brokers Rating list.
FOREX CLUB - TU Expert Review
Broker company Forex Club has been working in the financial market for more than 20 years. During this time, Forex Club received the status of a reliable and stable broker that provides quality service and favorable conditions for trading. The broker offers its clients different types of trading accounts that are adapted to the needs of both novice traders and experienced large investors. Forex Club is a universal company recommended for cooperation by a wide range of traders. Forex Club offers more than 100 trading instruments on the financial market — Forex, CFDs, and cryptocurrencies. The company provides its clients to work through the most popular trading terminals, MT4 and MT5, as well as through terminals of its development — Libertex and Rumus. Numerous reviews about Forex Club lead to the conclusion that, in general, the broker's clients have many standard questions resolved by the company's representatives quickly and promptly. As for severe claims against the broker, there were no such complaints. Forex Club regularly receives top positions in the Rating of Forex brokers.
Interactive Brokers - TU Expert Review
During its cooperation with Traders Union the Interactive Brokers investment company proved itself as a reliable partner, which faithfully fulfills its obligations to us. The broker provides clients with a wide range of services, allowing them to engage in both active trading and investments. At the same time, the broker charges a fee for an inactive account, and that's not convenient for passive investors. Despite the lack of a minimum deposit, Interactive Brokers is focused on working with professional market participants. The US and Canadian investors are the main target audiences of the company. Interactive Brokers customer support will help you resolve claims made to the company. You can find all the information about trading conditions and the specifics of various trading instruments on the broker's website. Before opening an account with this broker, we strongly recommend you to read about all trading conditions in detail, as well as reviews of other clients about cooperation with Interactive Brokers.
Summary
Many brokers operate in Iran, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best ETF Brokers in Iran 2024 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best ETF Brokers in Iran
| WForex | LiteForex | IFC Markets | FOREX CLUB | Interactive Brokers | |
|---|---|---|---|---|---|
|
Overall score |
6.79 |
6.9 |
4.22 |
5.9 |
7.56 |
|
Execution of orders |
4.29 |
7 |
3.15 |
4.15 |
6.45 |
|
Investment instruments |
6.82 |
6.47 |
5.41 |
3.73 |
4.69 |
|
Withdrawal speed |
7.03 |
4.86 |
3.86 |
7.54 |
9.43 |
|
Customer Support work |
8.31 |
6.9 |
2.8 |
5.53 |
7.06 |
|
Variety of instruments |
8.75 |
8.75 |
5.75 |
7.75 |
9.35 |
|
Trading platform |
5.53 |
7.43 |
4.35 |
6.71 |
8.36 |
|
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FAQ
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
Can you earn passive income in the financial markets?
Yes, the best brokers of Iran offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
Best ETF Brokers by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.